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This is BCNews reporting on the recent economic issues affecting America. Candidates Gayhart and Walker have made strong claims to fix the current economic issues. Our topics today will be revolving around inflation, foreign affairs, and affirmative action. They both wish to establish these pressing concerns of ours. The matter of inflation has been an ongoing problem as it has led to the rise of gas prices, grocery prices, and housing prices. The rate has dropped in the past year from 7% in 2021 to 6.5% in 2022 to 4% in 2023. People are still recovering from the aftereffects of the pandemic. The pandemic caused thousands, if not millions of people to lose their jobs. Inflation had a sudden up spike in 2021 and grew in 2022 before recently decreasing this year. “Both impacts will have a downward pull on inflation, as domestic goods compete with cheaper foreign goods, thus lowering prices, which is compounded by higher unemployment rates resulting in fewer dollars seeking those same goods,” says John Graves, founder and managing partner of G&H Financial. “As a result, foreign central banks will respond by raising their interest rates, boosting their currencies, and stemming their own rates of inflation,” says Graves. “The scary thing is if it gets too much traction, over corrections could result in a global recession that hits the U.S.” Global food prices have risen due to Russia’s invasion disrupting global exports. Another problem that puts our economy at risk is the national deficit. The national deficit is when the country spends more than what they have. As of today, The US deficit is 1,164,871,162,458 Trillion dollars. The US national debt is 32,332,274,184,762 trillion dollars! The difference between debt and deficit is that the deficit is the left over money that is over the borrowing amount. Deficit is just part of the debt. Debt is the total amount the US owes ! The latest news from the white house is the update on affirmative action. Recently the Supreme Court released the final verdict on Affirmative Action, which affects mostly schools like Harvard. Affirmative action typically refers to admissions policies aimed at increasing the number of Black, Hispanic and other minority students on campus. Affirmative action exists to give the minorities the chance to attend college compared to alumni’s wealthy white children. The practice of giving priority to the children of alumni has faced growing pushback in the wake of last week’s Supreme Court’s decision ending affirmative action in higher education. This will impact the future of college attendees because it reinforces racial discrimination and violates the Civil rights act. Records revealed that 70% of Harvard’s applicants are white, and being a legacy student makes an applicant six times more likely to be admitted. This is prevalent throughout other colleges and shouldn't exist. It questions the fairness of college admissions.